On September 13, blockchain-native market maker CKS Systems launched Manifest, an on-chain order book based on Solana. Manifest allows liquidity providers to place unlimited orders on the market by deploying Global Orders, which enables multiple bids and offers to be made simultaneously using the same funds. The platform also avoids transaction fees and allows for a surge in orders by allowing users to easily list new token markets.
Manifest also introduces a data structure called HyperTree, which, according to its whitepaper, allows for “more efficient key-value data storage on the Solana Virtual Machine (SVM). The layered architecture allows for formal verification of the core matching engine without compromising functionality.”
The main contributors to Manifest are Maximilian Schneider, Britt Cyr, and John Kramer. They are respectively the founder of DEX Mango Markets, the CTO of Web3 options platform Dual Finance, and the head of trading at CKS Systems. Kramer said that the three-party collaboration will improve the liquidity of related platforms such as Solana and Manifest.
